Subscribe

Medallia files for IPO

Medallia, a Silicon Valley subscription-based software company that competes with the likes of SurveyMonkey and Qualtrics, on Friday filed to go public on the NYSE under the ticker symbol “MDLA."

The bottom line: Mediallia is still unprofitable, with a net loss of $82.2 million on $313.6 million in revenue for the year ending January 31, 2019. But enterprise software IPOs so far this year have done well, despite IPO activity having slowed.

Protesters gather north of Lafayette Square near the White House during a demonstration against racism and police brutality, in Washington, D.C. on Saturday evening. Photo: Jose Luis Magana/AFP via Getty Images

Tens of thousands of demonstrators have been rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds assembled in Washington, D.C., Philadelphia and Chicago for full-day events on Saturday.

Despite a ban on large gatherings implemented in response to the coronavirus pandemic, protesters rally against racism in front of the American Embassy in Paris on June 6. Photo: Julien Mattia/Anadolu Agency via Getty Images

Tens of thousands of people have continued to rally in cities across the world against racism and show their support this week for U.S. demonstrators protesting the death in police custody of George Floyd.